Tractor makers' shares rise as SC exempts them from BS-IV norms
The Supreme Court (SC) has passed the order that tractor manufacturers will be exempt from the Bharat Stage-IV (BS-IV) emission norms.
The Supreme Court (SC) has passed the order that tractor manufacturers will be exempt from the Bharat Stage-IV (BS-IV) emission norms. This means that tractor makers can continue to sell BS-III tractors in the market. The Supreme Court on March 29 had passed the verdict banning the sales of all BS-III vehicles after March 31.
A two-judge Supreme Court panel headed by M B Lokur orders tractor, farm-equipment makers are exempt from BS-IV vehicle emission norms.
The government said that it is finalising new emission norms for tractors. This comes as a great relief to tractor manufacturers.
Tractor and construction-equipment makers say in the court that Bharat Tractor Emission Norms (TREM-IIIA) and Construction Equipment Vehicles (CEV) norms apply on them and not BS-IV norms applicable for two- and four-wheeler vehicles, according to a Bloomberg report.
Many tractor makers saw a rise in their shares after the SC decision to exempt tractor makers from the BS-IV order. Mahindra shares rises 1.9%, while Escorts jumps 3.4% intraday to highest since at least January 1991.
Mahindra & Mahindra shares on BSE trade up 1.50% or Rs 11.70 at 12:40 hours, at Rs 1,334.70 per piece.
Eicher Motors too was trading up 2.55% or Rs 657.70, at Rs 26,495.15 per piece. Escorts Ltd shares were also trading up at 2.41% or Rs 14.30, at Rs 607.20 per piece.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
01:01 PM IST